Increasing demand for hybrid adhesives & sealants in end-use industries such as automotive and building & construction is a major factor expected to drive revenue growth of the global target market over the forecast period. Growing construction industry in developing countries is expected to augment the revenue growth of the global market. Moreover, increasing automotive production across the globe owing to rapid urbanization and increasing spending power of consumers is expected to drive revenue growth of the target market over the forecast period.

However, high raw material prices of hybrid adhesives and sealants are expected to hamper revenue growth of the target market over the forecast period.

Global Hybrid Adhesives & Sealants Market: Resin Type Analysis

Among the resin types, the MS polymer segment is expected to grow at a moderate rate over the forecast period. MS polymer is used in the production of both hybrid adhesives and sealants. Increasing demand for MS polymer in building & construction application is expected to drive revenue growth of this segment over the forecast period.

Global Hybrid Adhesives & Sealants Market: Application Analysis

Among the application segments, the building & construction segment is expected to account major share in terms of revenue in the global target market. Growing demand for hybrid adhesives & sealants in build & construction in sealing and waterproofing, cable sealing, concrete sealing, joint filling, and other applications in developing and developed economies is a major factor expected to drive revenue growth of this segment over the forecast period.

Global Hybrid Adhesives & Sealants Market: Regional Insights

Asia Pacific market is expected to account significant share in terms of revenue in the global target market. The rising number of construction investments in the region owing to increasing population and rapid urbanization is a major factor expected to boost revenue growth of target market. Increasing production of passenger cars and commercials vehicles in the countries such as China, India, Indonesia, and other is expected to support revenue growth of the market in the region. Moreover, growing demand for hybrid adhesives & sealants in building & construction application for sealing and waterproofing is another factor expected to support revenue growth of North America hybrid adhesives & sealants market over the forecast period.

Asia Pacific accounts for the significant share in terms of revenue in the global hybrid adhesives & sealants market, followed by markets in North America and Europe. The hybrid adhesives & sealants market in North America is anticipated to grow at a steady rate over the forecast period. Growing demand for adhesives and sealants in the building & construction industry is expected to drive revenue growth of target market in North America. Furthermore, rising demand for commercial vehicles in the region is another factor expected to drive revenue growth of Europe hybrid adhesives & sealants market.

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